The correct answer is: "The limited access to currency stifled business growth."
When the money supply is limited, there is scarcity in the money market and the interest rate (the price of money) rises. Therefore, through this price adjustment, equilibrum is reached in the market again.
High interest rates disincentivate investment because<u> borrowing funds to finance new projects has become relatively more expensive. Therefore, businesses will not conduct expansion policies</u> under this scenario.
Answer:
<u>Melchora Aquino was captured and exiled in Guam for helping the kapituneros</u>
Explanation:
Melchora is often called the ''mother of the Philippines revolution'' or ''Tandang Sora''
She is held in high-esteem all over the country and her struggle is still celebrated today.
While she was born into an ordinary family and lived a completely normal life, things changed when she opened a store in her own village. This place gradually became a refuge for rebels fighting against the occupation.
Apart from food and shelter, she was seen as a motherly figure by many in the revolution who would meet her for prayers and blessings.
The Spanish got to know about her actives and when she refused to give information, she was exiled to Guam, only to return when the Americans came in.
The Enlightenment played an important role in the French Revolution. The Enlightenment transformed the monarchy, creating the idea of a republic. The bourgeoisie liked the ideas of John Locke. He said no king should have absolute power and liked the idea of a constitutional monarchy.
Answer:
Explanation:
The classical heritage of Rome, the customs of various Germanic tribes and the belief of the Roman Catholic Church were the three roots of medieval culture in Western Europe.
B
they never really interacted much with the west except for stuff like the silk road.
